If you are a crypto investor, you must stay updated on the latest developments in the cryptoverse. It is more of an occupational requirement. However, if you are not a full-time trader, it is not feasible for you to spend hours scrolling through all the news in De-Fi space. You should instead look at the macro trends in the market to make long-term investments. Here are a few tokens you can steer your focus to.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a young cryptocurrency launched only in 2022. Despite being a new crypto, Snowfall has generated massive buzz in the market and stayed at the top of the new generation of cryptocurrencies in the De-Fi space. The primary driver of its popularity is the fact that Snowfall Protocol (SNW) makes interoperability work.
The proof is in the pudding. Snowfall Protocol (SNW) opened at a 80% premium at the presale stage. By the time of launch, Snowfall is expected to jump 500 times its presale value.
In fact, Snowfall Protocol (SNW) has been responsible for the upward movements of tokens like FLOW and Apecoin. Both tokens are well-known in the crypto world with solid backing. As Snowfall Protocol (SNW) linked both the coins to Snowfall’s blockchain bridge drove the prices of both tokens.
With every passing month, Snowfall Protocol (SNW) is setting new records. It will be exciting to see how it will continue to surge upwards and earn returns for its investors.
Safemoon
Safemoon is A DeFi token built on the Binance Smart Chain. Safemoon is possibly the most popular meme coin after Dogecoin and Shiba Inu. The primary focus of Safemoon is to encourage holding. It achieves its goal by charging a hefty fee on all Safemoon transactions. Interestingly, every time an investor sells Safemoon, holders receive a dividend, which becomes a source of passive income.
While Safemoon does not have any real utility, its founders claim that it is the fastest-growing cryptocurrency of the year. Any surge in price that Safemoon surprisingly experienced was due to the support of high-profile investors, including Logan Paul, Jake Paul, Nick Carter, Lil’ Yachty, and DJ Afrojack. In April 2022, when the coin was at its height, top crypto exchanges had to stop withdrawals as investors rushed to invest in Safemoon.
Filecoin
Filecoin has been around since 2014. But, it started trading actively only in 2020. The decentralized network of Filecoin enables its users to rent or even buy storage space on its network computers. Those who hold the computer space are remunerated in Filecoins.
Filecoin saw an incredible bull run in its initial months. In 2021, the momentum was so high that Filecoin touched $237.24 and was expected to go over $350. But, the buzz around the token fizzled out, and Filecoin’s price dropped to single digits. It has not reached the lofty heights of 2021, but the coin is holding firm at $5.22 at the time of writing.
At this price point, many experts believe that Filecoin is an excellent coin to buy for those who cannot invest in the much pricier Bitcoin or Ethereum. It is unclear when Filecoin might have its subsequent bull runs, but when it does, it will leave a trail of happy investors like it did in the past.
For more information about Snowfallprotocol.io’s (SNW) Pre-sale
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfall coin
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Source: https://www.thecoinrepublic.com/2022/10/23/snowfall-protocol-safemoon-and-filecoin-the-next-big-developments-in-the-crypto-space/